114th Congress
The U.S. economy has experienced a major bounce back since the Great Recession. It has rebounded from the loss of 7 million jobs in a single year beginning in 2008 and an unemployment rate that soared to 10 percent in 2009.
More than 11 million private-sector jobs have been created in the last five years, with 58 straight months of private-sector job growth leading the unemployment rate to fall to 5.6 percent -- the lowest since April 2008.
On January 20th, Ways and Means Committee Ranking Member Sander Levin (D-MI) and Committee Member Lloyd Doggett (D-TX) introduced legislation to tighten restrictions on corporate tax inversions, limiting the ability of American companies to lower their U.S. taxes by combining with a smaller foreign business and moving their tax address overseas.